Yahoo!’s latest financial results show the Net company is still losing ground in the battle for online advertising.

The company earned $296 million, or 24 cents per share, in the fourth quarter. That is down 5 percent from $312 million, or 24 cents per share, a year earlier. The earnings matched analysts’ estimates.

Fourth-quarter revenue dropped 13 percent from the previous year to $1.32 billion.

It’s the 13th straight quarter that Yahoo!’s net revenue has declined from the prior year.

Yahoo! recently hired former PayPal executive Scott Thompson as CEO in its latest attempt at a turnaround. Thompson is the fourth CEO in less than five years to try to snap Yahoo! out of a financial funk that has depressed its stock.

Yahoo! dipped 14 cents to $15.55 in extended trading after the report came out. The stock price has fallen by about 40 percent from its levels five years ago.